Τρίτη, 18 Ιουνίου 2013

THE FUTURE OF DEFENCE BUDGETS

Deloitte published its “Global Defense Outlook” this week, which outlines the future trends in global defence spending. The next years will see a decline in military spending and new investment priorities.
The United States and European states, which account for most of world’s military expenditures, will continue to cut their budgets. Reductions will mostly focus on conventional forces, such as tanks, ships and planes and nuclear capabilities. Rather than acquiring new weapons systems, existing capabilities will be updated. According to the report, investment will centre on cyber-security and special forces as non-conventional threats, such as terrorism and cyber-attacks. Countries will also spend money to counter specific regional threats. Japan for example is to spend more on missile defence systems - due to tensions with North Korea and China. 

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